04-13-2006, 05:22 PM
Yup smraza is back to read the long posts [
]
maani has given the right answer to the question, now why the suspense a/c is taken to balance sheet, the logic behind that is to carry the account till the error is identified. If we charge the same to the P&L, then it will not be available for checking, as the difference of Rs.900/- may be the net of Rs.10,000/- and Rs.9,100/- (or any other figures) as there can be more than one mistakes.
]maani has given the right answer to the question, now why the suspense a/c is taken to balance sheet, the logic behind that is to carry the account till the error is identified. If we charge the same to the P&L, then it will not be available for checking, as the difference of Rs.900/- may be the net of Rs.10,000/- and Rs.9,100/- (or any other figures) as there can be more than one mistakes.
